Agronoticias: Agriculture News from Latin America and the Caribbean
News

Andean Region

15/01/2018

World Bank Projects Colombian GDP to Grow by 2.9% in 2018

Looking further ahead, the World Bank has predicted Colombian GDP to increase by 3.4% in both 2019 and 2020.

Lady selling eggs in Colombia

Colombian GDP will grow by 2.9% in 2018, according to a new projection from the World Bank. While this is an improvement from the 1.8% estimated economic growth of 2017, it is a decrease from the 3.1% rate for 2018 that the global financial organization had projected for Colombia last June in a prior forecast. Looking further ahead, the World Bank has predicted Colombian GDP to increase by 3.4% in both 2019 and 2020.

In addition to improving domestic spending and other factors that will help spur growth, the World Bank cited the expected contributions from the ongoing investment and development of the nation’s massive “4G” road and highway overhaul project, which will pump tens billions of dollars into Colombia’s infrastructure for at least the next decade.

This article is incomplete. Click here to read the full text from its original source, Finance Colombia
Photo Credit: Jose Montenegro

Share this page